The Mortgage Lender has cut the initial rates on its limited company buy-to-let range to bring it in line with individual pricing and introduced a limited company no fee £500 cashback option.
The changes end the differential pricing between individuals and limited company applicants and are available to the whole of the market.
There is a range of fee options with rates from 3.09% for a two-year fix at 70% loan to value with a completion fee of 1.5% to 4.02% for a five-year fix with zero fees and £500 cashback.
Its five-year fix with a three-year early repayment charge and a 1.5% completion fee starts at 4.05%.
Peter Beaumont, The Mortgage Lender’s deputy chief executive, said: “The buy-to-let market is becoming more sophisticated in its structure with borrowers choosing a variety of governance options to run their portfolios.
“That means every borrower and every portfolio is different, that’s just real life. These changes reflect that growing sophistication and give brokers and borrowers an increased range of fee and interest options to suit all circumstances.”
